Y1 - ECON100: Economic Essentials for Business

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Summary

Week 2

Radboud Universiteit · Communicatiewetenschap

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Chapter 2: Choices and Trade-offs in the Market.
Increasing marginal opportunity costs
Absolute Advantage vs Comparative Advantage
Chapter 3: How are Market Prices Determined?
The demand side of the market
Supply side of the market
Market Equilibrium

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